News in Brief
Government-mandated cap on staples reduces prices by 17.7% on average
Róbert Zsigó said prices of around 70 products had increased, adding that the circumstances would be scrutinised.
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News in Brief
PM Orbán: Retail chains were making out-sized profits on food and 'we had to step in'
The prime minister said: "We couldn't continue simply looking on as people were robbed; those who raised prices had to be told: enough, no more!"
News in Brief
Hungary's profit margin cap reduces some food prices by 40%
"The measure is working, with price differences tangible on the first day already," André Palóc said.
News in Brief
Mandatory 10% cap on supermarket profit margins in place
The measure could bring prices of the products down by more than 10 percent.
News in Brief
PM Orbán: Supermarkets' margins over procurement prices will be capped at 10%
The prime minister said prices should have fallen as the increasing chances for a peaceful resolution to the war in Ukraine showed up in the economy.
News in Brief
Gulyás: Profit margin regulation will result in 'visible and tangible' price reductions
Gergely Gulyás said the regulation would come into force on Monday. With the war in Ukraine approaching an end, unjustified price rises must be brought to an end, he added.